•THETA/USD is currently priced at $0.84 and has increased by 0.41% over the past day
•The trading volumes have decreased by 49.24% over the past day
•The technical indicators suggest a negative outlook for the near term
Short Term View: Theta price upside to be curtailed?
Source: THETA/USD by TradingView
The Theta price today is $0.841529 USD with a 24-hour trading volume of $11,525,058 USD. Theta Network is up 0.41% in the last 24 hours. The trading volumes have decreased over the past day amid a shortage of buyers whereas the Volume to Market Cap Ratio stands at 0.01365 for the altcoin.
Although Theta price has not yet succumbed to the bearish pressure prevailing in the market, there still remain lingering doubts about the next trajectory the altcoin is about to take in the coming days. The bears have made a comeback in the market which has led to the Theta price transacting below the 50 SMA but above the 20 SMA on the four hour chart. A move below the $0.80 support leve
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